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Author(s): Vidhi Chhabra, Yulendra Kumar Rajput

Email(s): vidhichhabra2309@gmail.com

Address: Agrasen Mahavidyalaya, Purani Basti, Raipur, Chhattisgarh, India.
Agrasen Mahavidyalaya, Purani Basti, Raipur, Chhattisgarh, India.
*Corresponding Author: vidhichhabra2309@gmail.com

Published In:   Volume - 32,      Issue - 1,     Year - 2026

DOI: 10.52228/JRUA.2025-32-1-2  

ABSTRACT:
The nation's economic status is greatly influenced by the banking industry. Like other industries, environmental protection is also a responsibility which has to be equally shared by the banking industry also. The banking industry has now accepted the concept of "Green Banking" which leads to sustainable development. This study revolves around SBI how it captures its dedication to incorporating sustainable practices into its daily operations and going above and beyond the Bank's boundaries to have a beneficial influence on the environment, society, and economy. This paper aims to highlight the initiatives adopted by State Bank of India to attain sustainable development through green banking. The paper is based on qualitative data gathered from variety of sources like reports, research papers, articles, and more.

Cite this article:
Chhabra and Rajput (2026). Contribution of Financial Institution towards Sustainable Development: A Study on Green Banking Initiatives of State Bank of India (SBI). Journal of Ravishankar University (Part-A: SOCIAL-SCIENCE), 32(1), pp.8-15. DOI:DOI: https://doi.org/10.52228/JRUA.2025-32-1-2


REFERENCES

[1] LalonR. M. (2015). Green banking: Going greenInternational Journal of Economics, Finance and Management Sciences3(1), 3442.

[2] Sahoo, P. & Nayak B. P.  (2007) Green Banking in India. The Indian Economic Journal 55(3):91-11 DOI: 10.1177/0019466220070306

[3] Silva, V.D. (2015). “How green is your bank?” Journal of association of professional bankers in Sri Lanka.

[4] Vadrale, K. S., (2016) Green Banking Initiatives by Indian Public and Private Sector Banks. Conference on Green Banking for Green Industry and Green Economy at Belgavi

[5] Jha, D. N., & Bhome, S. (2013). A Study of Green Banking Trends in India. International Monthly Refereed Journal of Research in Management and Technology, 2, 127-132.

[7] Gopi, Sinu. (2016). A Study on the Impact of Green Banking in Environmental Protection. IJARIIE, 1(4), 382-388

[8] India CSR Network. (2018). State Bank of India to have annual flagship ‘SBI Green Marathon’ [online]. Indiacsr. [Viewed on 26 March 2019]. Available from https://indiacsr.in/state-bank-india-annual-flagship-sbi-green-marathon/

[9] Towards A Greener Cleaner India - Inaugural Address by Dr. Michael Debabrata Patra, Deputy Governor, RBI at the New York Fed Central Banking Seminar organised by the Federal Reserve Bank, New York, on October 9, 2023, at New York

(https://www.rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1394)

[10] Fostering Economic Growth through sustainable Finance and Financial Inclusion- Swaminathan J Seminar held on 16 Nov 2023 (https://rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=22188)

[11] Ahuja, N. (2015). Green banking in India:  A Review of Literature. International Journal or Research in Management and Pharmacy, 4(1), 11-16

[12] Biswas, N. (2011). Sustainable Green Banking Approach: The Need of the Hour. Business Spectrum, 32-38

[13] Jeucken, M. (2010).  Sustainable  Finance  and  Banking:  The  Financial  Sector  and  the  Future  of  the  Planet; Routledge: London, UK

[14] Sustainability Report of SBI 2023-24 https://sbi.co.in/documents/17826/17948/270524-SBI+Sustainability+Report+2024.pdf

[15] Mahale, P., & Hebbar, C. K. (2023). Green banking awareness: A study with special reference to State Bank of India. International Research Journal of Modernization in Engineering Technology and Science, 5(2).

[16] Santhoshi, V. (2023). Comparative analysis of green banking initiatives: A case study of SBI and ICICI Banks in India. International Journal of Applied Science, Engineering and Management, 14(3). https://www.ijsem.org

[17] Girish, & Prasanth, A. P. (2024). Sustainability through finance: An analysis of customer response to SBI green banking initiatives in Kerala. Journal of Population Technology, 45(2).

[18] T. C., C., & Melvin, C. L. J. (2022). Green banking initiatives: A core towards sustainability. American Review of Political Economy. https://doi.org/10.38024/arpe.251

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